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September 25, 2023

UK financial regulators release proposals to improve diversity and root out sexual harassment

Currently UK companies with more than 250 employees must publish gender pay gap data, and the regulators propose extending this to data on ethnicity and disability in order to tackle under-representation (Photo: Pexels)
Currently UK companies with more than 250 employees must publish gender pay gap data, and the regulators propose extending this to data on ethnicity and disability in order to tackle under-representation (Photo: Pexels)

The Financial Conduct Authority and the Prudential Regulation Authority are consulting on corporate strategies, data collection and targets for diversity and inclusion

Financial services firms in the UK may soon have to set diversity and inclusion strategies, under proposals set out by the Financial Conduct Authority and the Prudential Regulation Authority. The two regulators also include strategies to root out sexual harassment and bullying.

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